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Breaking cryptocurrency news, price moves, and deep analysis — from Bitcoin and altcoins to regulation and adoption. Crypto India Magazine covers the global crypto economy.
The lawsuit, originally filed in 2018 by a group of Nvidia shareholders, accuses the chipmaker of concealing over $1 billion in revenue tied to sales to crypto miners. The shareholders claim Nvidia’s CEO, Jensen Huang, downplayed the role of cryptocurrency demand in boosting GPU sales.
The motion, led by Mayor Ken Sim, was passed during a City Council Standing Committee meeting, initiating a feasibility study on accepting taxes and fees in Bitcoin and converting a portion of the city’s financial reserves into the cryptocurrency.
Seyffart noted that the potential addition could attract at least $2.1 billion in share purchases by exchange-traded funds (ETFs), accounting for approximately 20% of MicroStrategy’s daily trading volume.
Microsoft's board deemed the proposal “unnecessary,” emphasizing the company’s existing processes to manage and diversify its corporate treasury.
The shareholders also pointed to Bitcoin’s significant returns as evidence of its potential. Over the past year, Bitcoin has grown by 131%, far outpacing corporate bond growth, which averaged 126%.
United States President-elect Donald Trump has appointed David Sacks, ex-PayPal operating chief, as lead policy adviser on artificial intelligence (AI)…
"Who can ban Bitcoin? Nobody," he stated. "These tools will develop one way or another because everyone will strive to reduce costs and increase reliability."
According to Sumit Gupta, Co-Founder of CoinDCX, Bharat Custody addresses a critical gap in the Indian market by offering a secure, localized approach to safeguarding crypto assets.
Under the leadership of co-founder and Executive Chairman Michael Saylor, MicroStrategy pivoted from a traditional software company to what is now often referred to as a "Bitcoin development company."
Saylor presented Bitcoin as a unique corporate asset, describing it as the “universal, perpetual, profitable merger partner.” He argued that unlike traditional mergers and acquisitions, Bitcoin lacks operational complexities and counterparty risks, offering a more streamlined and lucrative opportunity.
According to the ED, the operation involved promising investors astronomical returns through a token-based app called HPZ Token and online gaming and betting platforms. Victims were lured with claims of doubling their investments, only to have their funds siphoned off.
Market analysts suggest that the proposed tax exemptions could enhance Hong Kong's appeal as an offshore financial center, encouraging liquidity inflows into the city.
The hard drive, containing Bitcoin mined in 2009, ended up in a Newport landfill among 110,000 tons of waste. By the time Howells realized his mistake, Bitcoin’s value had surged, leaving the IT engineer determined to recover the lost fortune.
Brigadier Hareb Al Shamsi, Director of Criminal Investigation for Research and Investigation Affairs at Dubai Police, and Ola Doudin, CEO of BitOasis, signed the MoU during a formal ceremony attended by representatives from both sides.
The U.S. Securities and Exchange Commission (SEC) has initiated the reimbursement process for investors affected by the failed blockchain project…
Roy pointed out that while the concept of a Bitcoin reserve might offer strategic advantages, it falls short of solving the federal government’s ballooning debt problem, which has grown nearly exponentially since the 1980s.
RBI Governor Shaktikanta Das has expressed willingness to provide technical support to countries interested in setting unified international standards for cross-border payment systems. This aligns with India's efforts to promote interoperability and efficiency in global financial transactions.
Under the amendments, cryptocurrencies will be classified as property for tax purposes. Income generated from mining activities will be taxed based on the market value of the mined cryptocurrency at the time of receipt.
The notes, which mature on December 1, 2029, will not bear interest or accrete principal and will be convertible under specific conditions into cash, shares of MicroStrategy’s class A common stock, or a combination of both, at the company's discretion.
Kennedy’s Bitcoin advocacy spans years, focusing on the cryptocurrency’s decentralized, supply-capped nature as a safeguard against economic instability.
This speculation comes on the heels of DOG’s recent listing on Kraken futures on November 15, which triggered a significant rally over the weekend.
Saylor attributed part of his optimism to Donald Trump's election victory, which he believes has clarified the regulatory landscape for cryptocurrencies in the United States.
Anthropic announced the partnership last week, stating that its generative AI models would empower defense agencies with rapid data processing and analysis tools.
The lawsuit, led by Republican attorneys general, argues that Gensler's "regulation by enforcement" approach undermines states’ authority to regulate cryptocurrencies and stifles innovation.
